N.Y. Adult-Use Cannabis Regulation Update!

Breaking news! In an interview of Axel Bernabe, the Office of Cannabis Management’s (“OCM”) Chief of Staff and Senior Policy Director, by John Schroyer of the Green Market Report, it was disclosed that the proposed regulations for adult-use cannabis are being prepared for passage at OCM’s Cannabis Control Board meeting scheduled for May 11, 2023. If the regulations are prepared in time for the May 11th meeting, then they are likely, although not guaranteed, to be published by the end of August this year. Mr. Bernabe projects that adult-use cannabis license applications should be opening a couple of months after the regulations are finalized.

We are likely to see the award of adult-use licenses to applicants as soon as this coming fall! OCM does state that these dates are tentative, but adult-use dispensary licenses are projected to be awarded after Labor Day. If you are someone seeking an adult-use cannabis license, do not delay in preparing yourself and your business for the application process. The proposed regulations currently published are likely to be as close to the final regulations that are to be released in May as possible, enough to rely on in preparing yourself for operation. Call our office today for guidance on your canna-business journey!